BTC (Prj.Y19.P5.E3).Version2.AB=CD in play

1 Eki 2019

Just keeping it short.

Refer to my previous post for commentary plus key fib.levels on the chart.
Note: I am still looking for 6800 for my majority of $$ to go long (entry) and some $$ left for over performance for price below this mark.

1 Eki 2019

Not

The reversal point also has a bullish pattern (anticipated in my last post)
Before>

After>

1 Eki 2019

Not

Keeping an eye out for the next step\stage

2 Eki 2019

Not

2 Eki 2019

Not

Anticipated bigger picture

2 Eki 2019

Not

An inverted view, looks more bearish than I thought.

2 Eki 2019

Not

next up-leg to support the above formation

2 Eki 2019

Not

Current situation is a ranging channel with a height of $780. I now don't any fast movements as the 8500 resistance slowed the momentum. Its neutral and the movement for now is sideways.

2 Eki 2019

Not

Micro level...slow but with reason and staying the coarse

3 Eki 2019

Not

Keeping my stop loss very tight as the chart is not looking bullish. Ascending triangle has more % going down than up.

3 Eki 2019

Not

4 Eki 2019

İşlem kapandı: durdurma seviyesi

After much thinking about what's going on. I could be wrong but I have concluded that the AB=CD pattern has reached its peak at 8500. When I look across the ALTs , I see bearish flag formations and this channel is no different, its a continuation of a down trend. I thought there might be a stronger bounce but that's not going to happen (my opinion).
The psychology I think I'm seeing is this. The previous top that was defended was the 10K and anything below that was seen as a bargain, the last 4 digits we will see for BTC forever and as we can see, not true.
The new 10K is now 8k and anything below it is seen to be an opportunity, until it isn't. So we see this accumulation around the 8k range.
My guess is this will continue until 6K range and it will be defended and it will be a drawn out boring time. The over extention will happen to the high 5 K range like we see at 7700. But inevitably the price would range around the 6K mark.

For this current situation, short opportunities,

6 Eki 2019

Not

6 Eki 2019

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